, Singapore

Daily Markets Briefing: STI down 0.08%

Expect more gains today.

According to OCBC, continued gains on Wall Street overnight could provide some support to the local bourse today.

Here's more from OCBC:

We peg the initial hurdle at 2865, ahead of its next resistance level at 2880; on the downside, we peg the immediate support at 2825, ahead of 2800.

Overall volume shrank 12.4% with 1.5b units traded, and the total value tumbled 18.9% to S$0.7b; while average value/unit was down 7.4% to S$0.46.        

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